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You Will Not Believe What Got this Rapper Busted in Bankruptcy Court

A rapper named “50 cent” claimed he was broke and needed to declare bankruptcy, and he would have gotten away with it too….if it weren’t for his pesky Instagram account.

Fox Business reports:

A bankruptcy judge ordered rapper 50 Cent to come to her courtroom and explain several pictures posted on social media websites that show him playing with stacks of cash. Judge Ann Nevins told the 40-year-old entertainer’s lawyer that his Instagram photos are raising questions about whether he is being truthful about his financial situation.

“I’m concerned about allegations of nondisclosure and a lack of transparency in the case,” Judge Nevins said at a hearing Thursday in Hartford, Conn., on Thursday. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process.” She added that bankruptcy is a place where “honest, but unfortunate” people can get a fresh start.

Earlier court papers put a spotlight on three pictures of 50 Cent, whose real name is Curtis James Jackson III, with bundles of cash. One picture showed cash piles in his fridge. Another showed him arranging bundles to spell out the word “BROKE.” And another showed him cuddling with them in bed. He also bragged on Instagram about buying a home in Africa.

I would like to file a motion to bring back common sense.

Reports say the rapper, who used to have a net worth in the many millions, now owes his creditors $30 million. Credit companies offered a payback plan but 50 rejected it, calling it a form of “indentured servitude.”

Since 50 Cent insists he doesn’t have 50 cents to his name, here is some free advice: pay your bills. And if you are filing for bankruptcy, don’t flaunt pictures of your cash money on all of your social media accounts.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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